Macy’s (NYSE:M) reported better-than-expected earnings and increased guidance sending the stock up more than 3% today. JC Penney (NYSE:JCP) reports earnings after the close tomorrow and the market is pricing in a massive 15% move. Where do the charts stand on these two classic American retailers? The first chart is a three-year chart of JCP. Three-year chart of JCP Courtesy of Bloomberg Click to enlarge The $19 level had acted as important support until JCP broke it on massive volume after its last earnings release in November. However the fact that JCP recovered that important support level after ...